ACCOUNTS - Final Accounts preparation

Registered number: 05168667

SHAPIRO, BERNSTEIN & CO. LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026


SHAPIRO, BERNSTEIN & CO. LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


SHAPIRO, BERNSTEIN & CO. LIMITED REGISTERED NUMBER:05168667

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

	2026	2025
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	370,342	222,025
Cash at bank and in hand		22,216	29,351
		392,558	251,376
Current liabilities
Creditors: amounts falling due within one year	5	(5,817)	(6,847)

Net assets		386,741	244,529

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		386,740	244,528
		386,741	244,529

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2026.

G Khosrowshahi

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SHAPIRO, BERNSTEIN & CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Shapiro, Bernstein & Co Ltd is a private company, limited by shares, registered in England and Wales. Its registered office and trading address is Victoria House, Unit G1, 1 Leonard Circus, London, EC2A 4DQ.

The principal activity of the Company is that of acting as a royalty collecting agent.

The Company's functional and presentational currency is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.

Turnover comprises commissions receivable, excluding Value Added Tax, which are accounted on

an accruals basis and are recognised in the period to which they relate.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


SHAPIRO, BERNSTEIN & CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Foreign currency translation

The Company's functional and presentational currency is £ sterling.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Employees

The Company has no employees (2025 - Nil).

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	370,342	222,025

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other taxation and social security	2,733	2,573
Other creditors	-	221
Accruals and deferred income	3,084	4,053
	5,817	6,847

6.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

1 (2025 - 1) Ordinary share of £1	1	1

Page 3


SHAPIRO, BERNSTEIN & CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Controlling party

The immediate parent undertaking is Reservoir Media Management (UK) Limited, a company registered in England and Wales with its registered office at Victoria House, Unit G1, 1 Leonard Circus, London, EC2A 4DQ.

The ultimate parent undertaking is Reservoir Media Inc, a company incorporated in the United States of America with its registered office at 75 Varick Street, 9th Floor, New York, NY 10013. Reservoir Media Inc heads the largest and smallest group of undertakings for which group financial statements are drawn up and of which the Company is a member. Copies of the group financial statements are available from the US Securities and Exchange Commission website (www.sec.gov) and from www.reservoir-media.com.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 3 November 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4